MapleTree NAC Trust

[daewood]

can we apply for the DRIP online at www.investors.sgx.com ?
Or need to wait for hardcopy form to fillup and mail back to CDP ?

 

[daewood]

Yes, can apply online for the drip

Sent from OnePlus ONEPLUS A5010 using GAGT

 

[Cereal]

Own 10000 shares. Better to go for cash or new unit? If new unit, I getting 335 new shares. Next time how to sell away this “odd” units?

 

[reddevil0728]

Own 10000 shares. Better to go for cash or new unit? If new unit, I getting 335 new shares. Next time how to sell away this “odd” units?

Can accumulate till a full lot lor.

100 to make 1 lot

 

[lzydata]

Own 10000 shares. Better to go for cash or new unit? If new unit, I getting 335 new shares. Next time how to sell away this “odd” units?

Alternatively, you can choose to receive some of your distribution in cash and some in new units, where the number of new units will be a round number.

You can set up a table in Excel and calculate some possibilities. I found that if you choose to receive 1038 units in cash and 8962 units in new units:

8962 x 0.01881 / 0.8574 + 8962 x 0.00995 / 0.8574
= 196 + 104 (each must be rounded down to nearest whole unit)
= 300

Your new units' cost price is 8962 x 0.02876 / 300 = 0.8592. Separately, you get the residual cash of 1038 x 0.02876 = $29.85.

 

[coyote]

8.3% discount is pretty decent. Opt for full units shares. You can sell the full lot later for profit. Ignore the odd lot shares for time being.

Own 10000 shares. Better to go for cash or new unit? If new unit, I getting 335 new shares. Next time how to sell away this “odd” units?

 

[duhduhduh]

DRIP can only do on business day? cannot do over weekend ah....

 

[lzydata]

DRIP can only do on business day? cannot do over weekend ah....

Because of this?

"As at 20 Nov 2020 12:22 PM | Please be informed that due to website maintenance, there will be intermittent access to our site from 08:00 am 21 Nov 2020 to 08:00 pm 22 Nov 2020 (Singapore time). We apologise for any inconvenience caused."

 

[Chua Zhiming]

Alternatively, you can choose to receive some of your distribution in cash and some in new units, where the number of new units will be a round number.

You can set up a table in Excel and calculate some possibilities. I found that if you choose to receive 1038 units in cash and 8962 units in new units:

8962 x 0.01881 / 0.8574 + 8962 x 0.00995 / 0.8574
= 196 + 104 (each must be rounded down to nearest whole unit)
= 300

Your new units' cost price is 8962 x 0.02876 / 300 = 0.8592. Separately, you get the residual cash of 1038 x 0.02876 = $29.85.

Hi Izy, i want to avoid odd lots too. I have calculated for my 12'000 lots, i can choose to receive 56 units in cash and 11944 in new units. This will give me 400 new units and $1.61 in residual cash, is this correct? thanks !

 

[peppermint7]

Alternatively, you can choose to receive some of your distribution in cash and some in new units, where the number of new units will be a round number.

You can set up a table in Excel and calculate some possibilities. I found that if you choose to receive 1038 units in cash and 8962 units in new units:

8962 x 0.01881 / 0.8574 + 8962 x 0.00995 / 0.8574
= 196 + 104 (each must be rounded down to nearest whole unit)
= 300

Your new units' cost price is 8962 x 0.02876 / 300 = 0.8592. Separately, you get the residual cash of 1038 x 0.02876 = $29.85.

Thanks! Very helpful indeed

Managed to apply mine via your guidance

 

[lzydata]

Hi Izy, i want to avoid odd lots too. I have calculated for my 12'000 lots, i can choose to receive 56 units in cash and 11944 in new units. This will give me 400 new units and $1.61 in residual cash, is this correct? thanks !

Yup looks good!

 

[peppermint7]

Lol. I applied for 1300 shares but they give me 1299

Now got 99 odd lots
Haiz.. why they like this
Doesn't make sense for me to go buy 1 share at odd lot market.

 

[DevilPlate]

Lol. I applied for 1300 shares but they give me 1299

Now got 99 odd lots
Haiz.. why they like this
Doesn't make sense for me to go buy 1 share at odd lot market.

When u buy or sell next time, u can sell or buy odd shares together.

Not a big problem.

 

[Squaredot]

Lol. I applied for 1300 shares but they give me 1299

Now got 99 odd lots
Haiz.. why they like this
Doesn't make sense for me to go buy 1 share at odd lot market.

how come miscalculation?

 

[peppermint7]

When u buy or sell next time, u can sell or buy odd shares together.

Not a big problem.

I thought odd lots are traded on a separate market?

 

[peppermint7]

how come miscalculation?

Don't know leh. I calculated exactly but turn out like that.. did u get exact allocation? Go check yours

 

[DevilPlate]

I thought odd lots are traded on a separate market?

Poems allow to amalgamate the order. Odd shares under "unit trade share"
Pls check with your brokerage firm.

 

[Squaredot]

I thought odd lots are traded on a separate market?

traded separately ie place separate orders but can amalgamate the orders on the same day.

 

[peppermint7]

Usually I sell from FSM. Now because of this odd lot need to sell at poems ganna chop carrot

 

[Andrew833]

Poems allow to amalgamate the order. Odd shares under "unit trade share"
Pls check with your brokerage firm.

Good to know thanks.